Neuberger Berman Buys $1B of LibertyView Assets

Neuberger Berman has struck an agreement to acquire most of the assets of LibertyView Capital Management. The assets are currently controlled by Credit Agricole Indosuez, part of Credit Agricole Group.

The acquisition, in which Neuberger Berman will take charge of roughly $1 billion in assets, is expected to close by year-end. Neither company disclosed the terms, and the firms said that completion of the deal is still subject to the signing of contracts and other, unspecified factors.